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Kazakhstan’s gross international reserves increase

Business Materials 29 May 2018 17:40 (UTC +04:00)

Baku, Azerbaijan, May 29

By Ali Mustafayev – Trend:

Gross international reserves of Kazakhstan in April 2018 increased by 6.7 percent, compared to the same period in 2017, and amounted to $31.8 billion, Kazakh media outlets reported.

Presently, Kazakhstan is 40th in the rating of countries for international reserves.

International reserves of Kazakhstan include gold (41.9 percent - $13.3 billion), and assets in freely convertible currency (58.1 percent - $18.5 billion).

The country's gold reserves increased by 20.8 percent ($2.3 billion) from April 2017 to April 2018. Assets in freely convertible currency, in turn, decreased by 1.6 percent ($299 million).

Taking into account the assets of the National Fund of Kazakhstan in foreign currency, the gross international reserves of the country amount to $90.7 billion, $58.9 billion of which belong to the assets of the National Fund. At the same time, the fund's assets have been declining since September 2014. In total, with a peak value of $77.2 billion, the assets of the fund decreased by 23.8 percent (for the period of August 2014 - April 2018).

Net international reserves of Kazakhstan in April 2018 amounted to $31.3 billion. The volume of net international reserves of Kazakhstan, increased by $5.4 billion (by 20.8 percent) within the last 5 years.

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